EOS Arbitrator Returns Disputed Account to Original Owner

The user’s account was reportedly snatched through a phishing scam, EOS arbitrator returns the account to the original owner; thus, EOS takes even more allegations of centralization

The attack was brought to the knowledge of the EOS Core Arbitration Forum (ECAF) in June this year. An unidentified individual was accused by the claimant of holding his private keys.

The ECAF then froze the account in question and obligated block producers to refuse processing transactions from that address.

After the claimant proved rightful ownership, though signing a memo, the ECAF returned and unfroze his account.

Under the powers afforded to me as arbitrator under Article 6 of the Rules of Dispute Resolution, I, Ben Gates, rule that the account in dispute should be returned to the claimant with immediate effect and that the freeze over the assets within the said account is removed.

EOS Hit by an Even More Resounding Centralization Allegation

EOS, which has raised a total of $4 billion during ICO, has been riddled with accusations due to its centralized model of governance. EOS is governed by 21 Block Producers. According to some, collusion by the majority is possible. And that would impede the whole EOS ecosystem.

But as stated by EOS Founder, Daniel Larimer, the platform’s goal is not decentralization. He further says that EOS, BitShares, and Steem are more decentralized than Bitcoin and Ethereum.

Related news

Ethereum prices up 22 percent from last week’s close
Andreas M. Antonopoulos warns of technical community in-fighting
Transaction volumes on the rise, likely to propel prices above $170
Andreas M. Antonopoulos is against the toxicity within Ethereum’s developer community. He says this can cause fragmentation and slow down Ethereum (ETH) bulls that are up 22 percent in the last week.
Ethereum Price Analysis
Fundamentals
Open source, public blockchains do symbolize decentralization. As attractive as they may be, they can be a source of fragmentation in an otherwise stable platform. We can draw some lessons from Ethereum and Ethereum Classic.
Before the DAO attack, there was a consensus that Ethereum will follow the immutability route, the main building block of Bitcoin. In light of the “disaster,” changes were made, and immutability given a back seat leading to a new faction of maximalists including Charles Hoskinson who still believe the code is law and rectification shouldn’t be irreversible amendments. Nevertheless, a hard fork was done, and the result was the eventual recovery of lost funds but at the cost of immutability and the general integrity of the Ethereum blockchain.
Now that Afri Schoedon, a core developer and the man behind several EIPs, left, Andreas M. Antonopoulos is warning against in-fighting. As he was delivering a keynote speech at the ETHDenver, the author of “Mastering Bitcoin” and “Mastering Ethereum had this to say:
“Be careful of fragmentation … in difficulty, people become more insular in their thinking, and they start magnifying differences instead of focusing on commonalities. When things are easy, it’s easy to get along. When things get hard, that’s when you need to stop and remember the things we share rather than the things that divide us.”
Candlestick Arrangements
In the top 10, ETH is up 22 percent from last week’s close and at second place in the liquidity and market cap table. With this, it is clear that the path of least resistance is up. In a bull breakout pattern, every low is technically a buying opportunity with first targets at $170. After all, our ETH/USD trading plan is valid, and risk-off traders are in green territory after Feb 17 upswings confirmed gains of Feb 8. Once prices rally above $170, the bear breakout pattern of early Nov will be null as bulls march towards $250 and even $300.
Technical Indicators
After two weeks of higher highs, market participation is tapering as traders take their profits. What we need is a sharp break and close above $170 with the accelerants being high trade volumes exceeding those of Feb 18—677k.
Ethereum (ETH) Possible March to $250, Up 22 Percent was last modified: February 22nd, 2019 by Dalmas NgetichThe post Ethereum (ETH) Possible March to $250, Up 22 Percent appeared first on NewsBTC.

On February 17th, the market turned green with Ethereum surging more than 10 percent. Since that day, the crypto market has been registering the greens. Starting from $120 on February 17th, the price reached $149, the highest in the last six days which is a hike of 24 percent.
Eth price 5-days chart, Source: TradingView
The same day i.e. February 17th, the Ethereum supply has been the lowest ever figure in history. With just about 12,989 Ether released, the numbers never saw below the 13k mark in the Ethereum history before, as per the data provided by Ether scan.
“Lowest Daily Block Rewards of 12,989.34375 ETH was recorded on Sunday, February 17, 2019,” as stated on Etherscan.
Ether Supply Growth Chart, Source: Ether scan
Recently, Mati Greenspan, the senior analyst at eToro went on Boxlive.TV where he talked about Ethereum being the one that started this rally. With the Constantinople upgrade being delayed, the supply of new Ethereum has been declining in the last week or so.
“This is the chart that kind of started this whole rally. New Ether coming online is less than 13,000 for the first time in history. Usually, it’s between 20k to 30k a day but has been declining lately due to the delay of Constantinople Hard Fork,” said Greenspan.
The factor in play here is the demand and supply economics. If demand is more than supply, the prices rise and if the supply is more than the demand for a particular product, the prices fall. In the case of Ethereum, it could be said that while the supply dropped, the demand remained stable and as a result price rose upwards.
However, with the new Ethereum supply tapering off, it has its downsides in the way that the hash rate has also taken a hit at140 TH/s which was last registered in mid-December 2017. Though on February 6, it has been even lower at 139 TH/s.
Ethereum Hash Rate, Source: Etherscan
At the time of writing, Ethereum has been trading at $148.24 with 24-hours gains of 2.03 percent, as per the data provided by Coinmarketcap. In the BTC market as well, it is up by 1.35 percent while managing the daily trading volume of $3.6 billion. With Ethereum Constantinople hard fork coming on February 28, traders are feeling bullish as ETH/USD longs are moving upwards while ETH/USD shorts continue to drop to new lows.
The post Ether [ETH] Supply Drops Below 13k For The First Time in History, What Does It Mean? appeared first on Coingape.